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U.S. Shale Just Triggered A Chemical Industry Renaissance
Oilprice.com ^ | 03-07-2017 | Para

Posted on 07/03/2017 3:51:49 PM PDT by bananaman22

The shale revolution in the U.S. has led to a boom in domestic natural gas production, to the point that America is expected to become a net exporter of natural gas on an average annual basis by 2018.

Abundant gas at home has also led to a renaissance in the petrochemical industry in the U.S., which had suffered a downturn in 2008 and 2009. But then came the shale revolution, and chemical companies in the U.S. now use the affordable ethane—a natural gas liquid derived from shale gas—as a feedstock.

Abundant and cheap, shale gas and ethane are now feeding the next U.S. chemical revolution, with 294 new projects in the chemical industry—due to shale gas—that were completed, started, or planned as of March 2017, according to the American Chemistry Council (ACC).

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy
KEYWORDS: chemicals; gas; naturalgas; oil

1 posted on 07/03/2017 3:51:49 PM PDT by bananaman22
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To: bananaman22

Frackers = Patriots!


2 posted on 07/03/2017 4:01:32 PM PDT by pghoilman (Earth First. We'll drill the rest of the galaxy later.)
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To: bananaman22

One word: Plastics.


3 posted on 07/03/2017 4:18:59 PM PDT by MUDDOG
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To: pghoilman

My nephew runs a crack tower for Dow in Freeport, TX. He makes big bucks, he is only 30yo. He makes ethylene then someone else makes the polyethylene.


4 posted on 07/03/2017 4:25:42 PM PDT by DaveArk
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To: DaveArk
My nephew runs a crack tower for Dow in Freeport, TX.

Obama's many, many Sons run thousands of crack houses in Baltimore, Chicago and elsewhere.

5 posted on 07/03/2017 6:28:10 PM PDT by Col Freeper (Liberals: Devoted members of the "Church of the Eternally Offended".)
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To: Col Freeper

Very astute observation .... too funny!


6 posted on 07/03/2017 6:33:11 PM PDT by RetiredTexasVet (Start using cash and checks or the elite class and bankers will make "cashless" the norm.)
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To: DaveArk

Great stuff.
I’m a derivative fracker: I mine the frac sand.
American ingenuity once again has changed the world!


7 posted on 07/03/2017 9:01:52 PM PDT by pghoilman (Earth First. We'll drill the rest of the galaxy later.)
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To: bananaman22

We could run a lot of cars on clean burning natural gas, instead of forcing electric cars while battery technology is still in its dark ages.


8 posted on 07/04/2017 3:00:53 AM PDT by Freedom_Is_Not_Free (Trump: What to do now I can't repeal Obamacare? I know, lets start a war with Russia!)
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To: DaveArk

Petrochemical jobs start about 80k for an AS degree. Great jobs! Two of my son’s are in the industry and I’m a supervisor of an Ethane cracker. Our future is so bright we need dark safety glasses!


9 posted on 07/04/2017 7:18:51 AM PDT by txroadhawg ("To compare Congress to drunken sailors is an insult to drunken sailors." Ronald Reagan)
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To: txroadhawg

Yes, he seems to love working for Dow. He gets to go to New Orleans a lot. He’s single but has a pretty serious girlfriend now.


10 posted on 07/04/2017 9:06:46 AM PDT by DaveArk
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